The bank strike is imminent in South Africa, and with almost everyone very dependent on banks, there are so many questions to be answered.
More than 40 000 members affiliated to Cosatu and the finance union are expected to strike.
The Labor Court in Braamfontein, Johannesburg, will on Wednesday make a decision on the application for an interdict against the bank strike by the South African Society of Bank Officials (Sasbo) laborers on Friday.
Business Unity South Africa (Busa) applied for an interdict to stop the across the country strike that is against the retrenchment of workers and digital banking. Busa says it applied for a prohibit as the strike has been planned on the basis of a section 77 notice that was actually done in August 2017. It argues that the notice is outdated and so cannot be used in 2019.
Busa keeps up that Friday’s labour action might not have fulfilled the prerequisites for it to be legitimate. In light of the reason that the National Economic Development and Labor Council (Nedlac) see was first issued in August 2017 and Busa says it should not be depended on in 2019.
The union members of the members are expected to down tools over retrenchments in the banking sector. The union has announced a total shutdown of the banking sector.
In Gauteng, the strike is relied upon to begin at Cosatu House down to the bank city where the notice will be given over. In Durban, they will go to the city hall.
All the arranged strikes are planned to begin at 10am and finish around 2pm.
Then, Sasbo has cautioned bank clients to withdraw money and fill up their tanks on Thursday as ATMs and POS – also known as swipe machines – may not be operational.
The South African Revenue Service (Sars) has reported that emergency courses of action are set up in front of the foreseen bank strike on Friday. In an announcement, Sars says that it will work with all role players to avert any disruptions to the country’s financial system.